China has opened the door to imports of rice from the United States for the first time ever after a frosty year marked by tensions and tit-for-tat tariffs.
Chinese customs authorities gave green light to this effect in a statement posted on the customs authority’s website.
This comes in the run-up to talks between the countries in January after U.S. President Donald Trump and Chinese President Xi Jinping agreed a moratorium on higher tariffs that would affect trade worth hundred of billions of dollars.
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Officials at a government-affiliated think-tank in Beijing said the price of U.S. rice is not competitive compared with imports from South Asia, and the move should be interpreted as a goodwill gesture.
